Carson Advisory Inc. Decreases Stock Position in AT&T Inc. (NYSE:T)

Carson Advisory Inc. lowered its position in shares of AT&T Inc. (NYSE:T - Free Report) by 23.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 84,894 shares of the technology company's stock after selling 25,362 shares during the quarter. AT&T comprises approximately 1.6% of Carson Advisory Inc.'s portfolio, making the stock its 15th biggest position. Carson Advisory Inc.'s holdings in AT&T were worth $2,401,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC raised its position in shares of AT&T by 26.5% in the 4th quarter. Brighton Jones LLC now owns 48,579 shares of the technology company's stock worth $1,106,000 after purchasing an additional 10,188 shares during the last quarter. Proficio Capital Partners LLC raised its position in shares of AT&T by 39.7% in the 4th quarter. Proficio Capital Partners LLC now owns 28,782 shares of the technology company's stock worth $655,000 after purchasing an additional 8,179 shares during the last quarter. Thrivent Financial for Lutherans raised its position in shares of AT&T by 1.9% in the 4th quarter. Thrivent Financial for Lutherans now owns 462,211 shares of the technology company's stock worth $10,487,000 after purchasing an additional 8,428 shares during the last quarter. VSM Wealth Advisory LLC purchased a new position in shares of AT&T in the 4th quarter worth about $44,000. Finally, Sandy Spring Bank raised its position in shares of AT&T by 39.8% in the 4th quarter. Sandy Spring Bank now owns 47,793 shares of the technology company's stock worth $1,088,000 after purchasing an additional 13,599 shares during the last quarter. Hedge funds and other institutional investors own 57.10% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on T shares. Barclays lifted their price target on AT&T from $27.00 to $30.00 and gave the stock an "overweight" rating in a research report on Friday, April 25th. Morgan Stanley boosted their target price on AT&T from $31.00 to $32.00 and gave the stock an "overweight" rating in a research report on Wednesday. Evercore ISI boosted their target price on AT&T from $25.00 to $27.00 and gave the stock an "in-line" rating in a research report on Thursday, April 24th. Royal Bank Of Canada boosted their target price on AT&T from $28.00 to $30.00 and gave the stock an "outperform" rating in a research report on Thursday, April 24th. Finally, Citigroup reissued a "buy" rating on shares of AT&T in a research report on Tuesday, June 17th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $29.17.

AT&T Stock Performance

Shares of NYSE:T traded down $0.07 during mid-day trading on Friday, reaching $26.92. 27,403,482 shares of the company traded hands, compared to its average volume of 36,379,902. The company's 50 day moving average price is $27.76 and its 200-day moving average price is $26.41. The firm has a market cap of $193.71 billion, a PE ratio of 16.52, a PEG ratio of 3.37 and a beta of 0.42. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.70 and a quick ratio of 0.65. AT&T Inc. has a 52 week low of $18.14 and a 52 week high of $29.19.

AT&T (NYSE:T - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The technology company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.01). AT&T had a return on equity of 13.63% and a net margin of 9.64%. The business had revenue of $30.63 billion during the quarter, compared to the consensus estimate of $30.39 billion. During the same quarter in the previous year, the company earned $0.55 earnings per share. The company's revenue for the quarter was up 2.0% compared to the same quarter last year. On average, equities analysts expect that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Thursday, July 10th will be paid a $0.2775 dividend. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $1.11 annualized dividend and a yield of 4.12%. AT&T's payout ratio is 68.10%.

AT&T Company Profile

AT&T, Inc is a holding company, which engages in the provision of telecommunications and technology services. It operates through the Communications and Latin America segments. The Communications segment offers wireless, wireline telecom, and broadband services to businesses and consumers located in the US and businesses globally.